19 days on rocket

7222 Mile 2 E, Mercedes, TX, 78570

$775,000

Home List Price

$9,203*

Closing Credit

0 Baths
5,280 SqFt
$147/SqFt
Multi

Location

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7222 Mile 2 E, Mercedes$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached
Garage3 spaces
Year Built1987
HeatingCentral
CoolingCeiling Fan(s), Central Air
MLS #420614
Lot Size9.23 Acres
StatusActive

About 7222 Mile 2 E

Welcome to an exceptional investment opportunity in Mercedes, TX! Nestled on 9.23 acres directly along Mile 2 Rd, and less than a mile away from Expressway 83, this property offers a prime location for those looking to expand their real estate portfolio. The package includes 4 independent buildings, 3 of which are fully renovated and currently leased. The abundance of vacant land provides a unique opportunity to build additional rental properties. Imagine the possibilities as you design and develop new residences, tailored to meet the growing demands of the local market. The adjacent 30 acres only amplifies the potential, offering even more room for expansion or diverse development projects. Combine both parcels to embark on a large-scale venture that could redefine real estate in Mercedes, Texas. Seize the opportunity to not only invest in existing rental properties but to shape the future of this location.

Property Details

Property Features

Property Information:

  • Year Built: 1987
  • Stories: 1
  • Living Area: 5,280 SqFt

Listing Office:

  • Office Name: Envision Real Estate Group
  • Office Phone: (956) 292-5076
  • Listing Agent: Rodolfo Velasquez

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Flooring Type: Hardwood, Laminate
  • Interior: Ceiling Fan(s)

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 9.23 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: Head east on I-2/US-83 E to W Expy 83/E Frontage Rd/U.S. 83 Frontage Rd S in Mercedes. Take exit 165 from I-2/US-83 E. Turn right/south onto Mile 2 E Rd. Head south for approximately 1.7 miles passing business 83, property will be on left hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000
  • Price Per SqFt: $147/SqFt

Tax Information:

  • Annual Amount: $1,654
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: McAllenTX
  • MLS Number: #420614

Listing Office:

  • Office Name: Envision Real Estate Group
  • Office Phone: (956) 292-5076
  • Listing Agent: Rodolfo Velasquez

Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/22/2024, 11:16:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,654$160,510
2019$1,872$78,112
2017$1,905$81,846

History based on county public records data.

Payment Calculator

$3,935

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-964416
7
/10

  • Ruben Hinojosa Elementary School

  • 500 S Rio Rico Rd

  • 1.39 miles

  • Public District Grades PK-5

school-card-donut-964417
6
/10

  • W.B. Travis Elementary School

  • 1551 S Georgia Ave

  • 2.56 miles

  • Public District Grades PK-5

school-card-donut-964418
7
/10

  • John F. Kennedy Elementary School

  • 801 Hidalgo St

  • 2.62 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Hidalgo County›Mercedes›78570›7222 Mile 2 E

This home is located at 7222 Mile 2 E in Mercedes, TX and zip code 78570. This 5,280 square foot home, which was built in 1987, sits on a 9.23 acre lot. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $775,000.

From Rocket Homes Real Estate and based on county public records data.

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